Ba Ria-Vung Tau targets 9.11 percent growth in industrial production

Ba Ria-Vung Tau (VNA) – The
southern province of Ba Ria-Vung Tau will strive for a growth of 9.11 percent
in industrial production in 2019, according to the provincial People’s
Committee.

In 2018, the local industrial production
value, excluding crude oil and gas, surpassed 252 trillion VND (10.8 billion USD),
a rise of 8.72 percent year-on-year. The growth is attributable to higher steel
prices compared to 2017 and additional 19 industrial projects which began
operation this year.

In the year, the province’s industrial staples
recorded increases ranging from 0.82 percent to 46.49 percent.

The management board of the provincial
industrial parks said infrastructure and investment climate of the province has
been strongly improved, thus drawing more investors. Businesses spent more than
1.89 trillion VND (81.27 million USD) on industrial parks’ infrastructure this
year.

To date, about 2,680 ha of provincial
industrial parks have been occupied, accounting for nearly 47 percent of the
total area. In 2018, local firms created jobs for around 2,600 workers, raising
total number of those who work in industrial parks to more than 58,000. -VNA